For modification of Court's order, permission to file additional documents, interim relief and office report) Date : 23/01/2017 This petition was called on for hearing today.
UPON hearing the counsel the Court made the following ORDER We have heard the learned counsels for the parties.
The issue, namely, the entitlement of export Signature Not Verified incentives to deduction under Section 80-IB of the Digitally signed by NEETU KHAJURIA Date: 2017.01.24 17:16:29 IST Reason: Income Tax Act, 1961 has been squarely decided by this Court in Liberty India vs. C.I.T.1 1 9 SCC 328 2 Commissioner of Income Tax vs. Meghalaya Steels Limited2 does not in any way erode the efficacy of law laid down in Liberty India as Meghalaya Steels Limited was primarily a case where the Court was dealing with transport subsidy, which is a reimbursement of the cost incurred by the manufacturing unit in the North-Eastern part of the Country.
While Liberty India dealt with a situation of post-manufacture and availability of incentive only in the event there was export of the manufactured goods.
Meghalaya Steels Limited, as already noted, dealt with altogether a different situation.
We do not find any merit in this special leave petition.
In view of the above, all pending miscellaneous applications are disposed of.